Seatrium Limited (Seatrium, or the Group) refers to the
announcement made on 22 July 2015, in relation to a contract for the conversion of Golar
Gandria, a Moss type Liquefied Natural Gas (LNG) carrier for Golar Gandria N.V., a subsidiary
of Golar LNG Limited (Golar LNG).
The first two floating liquefaction vessels delivered by Seatrium to Golar LNG are Hilli Episeyo
deployed in the Kribi gas field located offshore Cameroon, and Golar Gimi FLNG deployed in
the Greater Tortue Ahmeyim field located offshore Mauritania and Senegal.
Following Golar LNG’s sale of the 1977-built Golar Gandria for demolition in 2023, Seatrium
and Golar LNG have decided to let the third conversion contract lapse on 16 December 2024.
As at the date of this announcement, Seatrium has not commenced any physical work on the
vessel.
The above is not expected to have any material financial impact on the earnings per share
and net tangible asset per share of Seatrium for the current financial year.
The demand for sustainable gas solutions remains healthy, underpinned by the energy
transition. With a strong 60-year track record and product expertise, Seatrium is wellpositioned along the gas value chain to support the development of offshore energy assets.
The Group remains committed to providing efficient and sustainable offshore and energy
solutions.